DAPP is trading 3.6% lower today as its information technology-heavy portfolio tracks a sharp global semiconductor selloff and renewed doubts about AI profitability.
- Asian chip names like Samsung Electronics and SK Hynix plunged double-digits, while U.S. peers Micron, AMD, and Intel also traded lower pre-market.
- The broader tech sector and DAPP holdings are being dragged down despite generally supportive macro data and mixed performance in broader indices.